Overhaulin'

does paying off a car title loan on time help establish my credit?

Public Comments

1. If you're paying off the debt to a bank than yes. Banks report payment history to the credit bureaus. But if you bought the car from a dealership down the street (especially with no interest charge) than no.
2. If the lender reports to the credit agencies!
3. It helps after you pay it off you will start to receive all types of credit cards offers
4. It can be surprising how many people don't have a credit history. There are actually quite a few older consumers without a very strong credit history. They may have never had any credit in their names. Many wives find that their credit has always been maintained through their husbands. When they apply for something on their own, they have no history. Students, young people, newly single women and many older Americans may find that they are in need of a credit history. Or perhaps you have already established credit, but it is less than stellar. What should you do?There are a few ways. The best way is to simply apply for a small loan or line of credit from your local bank. Make sure that they will report the information to the credit bureau. http://badcreditloans.awardspace.com/